Rocket maker Firefly Aerospace looks to raise up to $300 million -sources


FILE PHOTO: Firefly Aerospace's first Alpha rocket lifts from Vandenberg Space Force Base, California, U.S. September 2, 2021. REUTERS/Gene Blevins

(Reuters) - FireFly Aerospace, the U.S. rocket builder that reached orbit in space this month, joining the likes of SpaceX and Rocket Lab, is seeking up to $300 million in a private fundraising round, according to people familiar with the matter.

Firefly has yet to specify the valuation it is seeking, the sources said. The space company was valued at more than $1 billion when private equity firm AE Industrial Partners became its controlling shareholder in March.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

When cables break under the sea, a wireless world’s vulnerability is exposed
An AI-powered web browser is in the works
Study: AI-generated undergraduate exam answers undetected 94% of the time
Hewlett Packard Enterprise beats quarterly results estimates on strong AI server demand
‘Indiana Jones And The Great Circle’: Immersive, whip-cracking archaeological fun
GameStop jumps after cryptic post from 'Roaring Kitty' rekindles retail hype
OpenAI launches $200 ChatGPT subscription for research use
Musk's xAI raises around $6 billion in equity financing
Meta partners with James Cameron's tech venture to boost mixed reality content
Intel names two chip industry veterans to its board amid CEO search

Others Also Read